HB Wealth Management LLC Has $21.16 Million Stock Holdings in International Business Machines Corporation $IBM

HB Wealth Management LLC decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,770 shares of the technology company’s stock after selling 5,553 shares during the quarter. HB Wealth Management LLC’s holdings in International Business Machines were worth $21,156,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in IBM. Brighton Jones LLC lifted its holdings in International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Mechanics Bank Trust Department lifted its holdings in International Business Machines by 54.2% during the 1st quarter. Mechanics Bank Trust Department now owns 3,528 shares of the technology company’s stock valued at $877,000 after purchasing an additional 1,240 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in International Business Machines by 3.4% during the 1st quarter. Fiduciary Alliance LLC now owns 5,585 shares of the technology company’s stock valued at $1,389,000 after purchasing an additional 185 shares during the last quarter. NBC Securities Inc. lifted its holdings in International Business Machines by 101,610.0% during the 1st quarter. NBC Securities Inc. now owns 10,171 shares of the technology company’s stock valued at $2,529,000 after purchasing an additional 10,161 shares during the last quarter. Finally, Fragasso Financial Advisors Inc lifted its holdings in International Business Machines by 6.1% during the 1st quarter. Fragasso Financial Advisors Inc now owns 1,676 shares of the technology company’s stock valued at $417,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on IBM shares. Sanford C. Bernstein initiated coverage on International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target for the company. The Goldman Sachs Group increased their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. BMO Capital Markets increased their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, JPMorgan Chase & Co. increased their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $275.00.

International Business Machines Stock Performance

NYSE:IBM opened at $280.02 on Tuesday. The stock’s 50-day simple moving average is $253.98 and its 200 day simple moving average is $258.34. The firm has a market capitalization of $260.25 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 4.38 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.